Goldintrash, assuming NSS is present here (which I do suspect is true), their control is based primarily on fear of EQBM not following through on promises.
If Larry can PR Dalian with projected revenues and a clearly defined distribution of revs for EQBM and Soma, then both EQBM & Soma shift from being shell plays to revenue-earning companies.
At that point, valuation relates to price/sales and price/earnings models. We probably won't know earnings for a while, so primarily P/S. I usually use 1:1 P/S for speculative companies just getting rolling. But P/S can be much higher for companies with hyped potential.
If Larry PRs progress with Somalialand or Red Lake (which may be dead?), then those valuations bump upward.
Point being, given revenue/share figures, EQBM can attract more buyers in both Pink and FF markets (E5W.F). NSS will no doubt try to suppress the Pink EQBM price, but if E5W rises, arbitrage players may start buying EQBM, which would put NSS in a nasty pickle.
At some point, they would need to either cover or try to disrupt EQBM's business (given my suspicions of the SEC suspension, I'm considering all manners of corruption at this point). My guess is they would cover and move on. Plenty of other easier targets in the sea of pinks.
But as Couch correctly asserts, this scenario hinges on Dalian getting PR'd next week. If no Dalian update by Weds, when suspension lifts and EQBM starts trading on gray market, I fully expect NSS to seize the moment, print this down to triple zeroes, and toast their success as a slew of longs dump in frustration and panic.
NSS may take that opportunity to cover, or they may hold out to see if EQBM folds entirely. If no Dalian news, SEC may also step up their game and revoke registration, etc...
After many months of delays, Larry is finally on the spot time-wise and needs to pull through. Like a good film climax, it's now or never. Lets just hope Larry's screenwriter prefers Hollywood endings to indie tragedies.
2) NSS to be covered. If the Dalian deal is signed and PR'ed, what is SEC and DTCC going to do with shorts? Are shorties still able to walk down the pps of SOMA and EQBM around April 15 and cover their positions easily?
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